In 1998 the business was split, with the Peebles Electrical Machine Division (Motors & Generators) being acquired by Pope (Australia) and the Transformer Division going to the Austrian company
VA Tech.
Transformer division In April 1999 a substantial fire destroyed the main transformer works in East Pilton. The company decided that a replacement factory should be relocated to
Leith Docks to better facilitate transfer of the largest transformers onto ships for export. The Pilton site was sold for residential redevelopment. VA Tech closed the Leith factory during 2005 and continued service work only. The entire VA Tech company became part of
Siemens that year.
Motors & Generators division The motors & generators business relocated to Wood Road in the nearby
Rosyth dockyard. Parsons Peebles Motor & Generators was acquired by Clyde Blowers Capital in January 2013. The company is still located in the Royal dockyard Rosyth and continues to manufacture and service specialised motors and generators. ==References==